Real estate development platform Cubed
Basic information
Project Title
Real estate development platform Cubed
Full project title
Cubed - a real estate platform empowering people to design and buy custom sustainable homes.
Category
Shaping a circular industrial ecosystem and supporting life-cycle thinking
Project Description
We help people to design and build sustainable community developed dream homes. Our innovative tools empower people to create custom condos that're environmentally-friendly and energy-efficient, all while saving money on energy costs. Experience the future of real estate with us today.
Geographical Scope
Local
Project Region
Latvia
Urban or rural issues
It addresses urban-rural linkages
Physical or other transformations
It refers to a physical transformation of the built environment (hard investment)
EU Programme or fund
Yes
Which funds
Other
Other Funds
LIAA (Investment and Development Agency of Latvia) - 2022
Description of the project
Summary
We are a platform that connects land owners, real estate developers, factories, and buyers who can customize their condo layout and building amenities.
Key objectives for sustainability
1) CUBED is an on-demand multi-story apartment building platform that connects end client needs with prefabrication supply;
2) Educating clients about the impact their decisions have on sustainability as a part of the sales process, will facilitate a higher quality of living and limit carbon footprint. 3) More efficient management & materials used during the design process and across all building life cycles will lower the costs of building management.
4) Improved supply chain with better information exchange between the assembly, production, and the end client.
5) For renovations would be recreated, prefabricated and sustainable facades, which would respect the historical value.
6) The platform will empower collective decision-making by involving individuals in collaborative decision-making, this will result in better community integration and contribute to a more sustainable and inclusive community.
7) The supply chain would be controlled to use sustainable materials, technologies and processes, that would result in CO2 footprint reduction at scale.
8) Most sustainable square meter is the meter that isn't built or heated, our smart building has the least unused square meters per living square meters.
2) Educating clients about the impact their decisions have on sustainability as a part of the sales process, will facilitate a higher quality of living and limit carbon footprint. 3) More efficient management & materials used during the design process and across all building life cycles will lower the costs of building management.
4) Improved supply chain with better information exchange between the assembly, production, and the end client.
5) For renovations would be recreated, prefabricated and sustainable facades, which would respect the historical value.
6) The platform will empower collective decision-making by involving individuals in collaborative decision-making, this will result in better community integration and contribute to a more sustainable and inclusive community.
7) The supply chain would be controlled to use sustainable materials, technologies and processes, that would result in CO2 footprint reduction at scale.
8) Most sustainable square meter is the meter that isn't built or heated, our smart building has the least unused square meters per living square meters.
Key objectives for aesthetics and quality
Our solution will facilitate the residents to see benefits beyond the emotional attachment of current living space by visually displaying their next home.
The demand for sustainable buildings will increase based on economic drivers as well as comfort and accessibility. The unique value of our solution enables a guided process flow to ensure transparency for homeowners. Our goal of the platform is to improve the efficiency and sustainability of the renovation process and new residential real estate development through earlier and closer cooperation with the end-users.
The demand for sustainable buildings will increase based on economic drivers as well as comfort and accessibility. The unique value of our solution enables a guided process flow to ensure transparency for homeowners. Our goal of the platform is to improve the efficiency and sustainability of the renovation process and new residential real estate development through earlier and closer cooperation with the end-users.
Key objectives for inclusion
We want to design a system where people with 100% certainty can design, buy buildings before they are built. By doing that we would have created a system that would support long term thinking in the decision making process and practice inclusion by allowing each community member to have a say in what environment he would like to live in.
How Citizens benefit
Sustainability is part of CUBED’s mission and the activities of the platform demonstrate a focus to impact all stages of the building's lifecycle. The platform features dynamic energy system scoping for the whole building and includes sustainability reports based on design & layout. This is achieved by an automated co-design process that introduces embedded energy system requirements for each of the apartments. Our frontier knowledge of wood-structure buildings, insulation materials, and design rule check will limit carbon footprint compared to buildings based on conventional concrete materials. The platforms will also feature retrofitting layers to renovation projects with the use of prefabricated facade modules. The expected result will provide an overall Co2 footprint regarding each client’s decisions as well as model Co2 footprint for the whole building.
Physical or other transformations
It refers to a physical transformation of the built environment (hard investment)
Innovative character
We offer personalization as a more efficient way for building buildings instead of standardization.
- In the calculation we need to take in Social Value created.
- All the waste that is created by building stuff that people don't need and don't want to pay for.
- Long Term benefits.
- In the calculation we need to take in Social Value created.
- All the waste that is created by building stuff that people don't need and don't want to pay for.
- Long Term benefits.
Disciplines/knowledge reflected
Factories, Real Estate Developers, Buyers, Investors, Banks, Architects, Interior designers, Realtors/real estate Agents, and municipalities, each of mentioned participants involved in sharing their experience about the work process in new real estate development practice. Based on the information that we received from the involved parties we have built MVP solution for the problems that arise for the mentioned parties in real estate development.
How stakeholders are engaged
Factories, Real Estate Developers, Buyers, Investors, Banks, Architects, Interior designers, Realtors/real estate Agents, and municipalities were interviewed and we built a solid knowledge foundation about key problems in residential real estate development. Thanks to municipalities we allocated the most important regions which are missing new condos and what are key uncertainties for development in main cities. As for other participants, we concluded the problems of customer flow and communication process between different involved units.
Global challenges
Each market we will enter we always will need a strong partner dealing with changes in local building regulations and getting approvals from municipalities to start construction.
Learning transferred to other parties
Our concept could be replicated in any real estate development project, not just buildings, but also infrastructure, commerce projects, city development, and even climate change projects.
Our softer when completely finished will be a negotiation tool for stakeholders to come to terms on how the project should be made.
Group/stakeholder decision making is made easy. By digitizing the decision making process.
Our softer when completely finished will be a negotiation tool for stakeholders to come to terms on how the project should be made.
Group/stakeholder decision making is made easy. By digitizing the decision making process.
Keywords
Community
Customization
Self-service
Prefabricated
Sustainable
